U.S. economic recovery may not be worst ever

Up until now, the economy's recovery from the Great Recession was the worst comeback since World War II.

But no longer -- America's economic growth between April and June is expected to finally put it in a better spot. On Friday, when U.S. GDP data is released, the current economic recovery is expected to be a tad better than the recovery after the 2001 recession. That's according to Princeton economist Alan Krueger, who served as chairman of President Obama's Council of Economic Advisers.

"The recovery has not been as strong as we would like but it has been persistent and resilient," Krueger told CNNMoney. "This may not be the strongest but it could be the longest recovery."

Just about every forecast for growth in the second quarter is higher than the sluggish growth of 1.4% recorded in the previous three months.

Most economists consider that level to reflect full employment. Usually, it's hard to grow more jobs from this level. So America's job growth will probably slow.

Remember, unemployment hit 10% in October 2009. So the labor market recovery has come a long way, and the Federal Reserve expects unemployment to drift down to 4.7% by the end of this year. It hit that mark in May.